Sec. 5506. Standards for qualified loans
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Section 8.8 of the Farm Credit Act of 1971 ( 12 U.S.C. 2279aa–8 ) is amended— in subsection (a)(3), by striking mortgage investors and inserting investors in those types of loans ; and by striking subsection
(c)and inserting the following: The Corporation shall not treat a loan secured by agricultural real estate as a qualified loan when the cumulative principal amount of all loans to a single borrower or related borrowers exceeds 10 percent of the Corporation’s tier 1 capital, as defined by the Farm Credit Administration. The Farm Credit Administration may issue regulations establishing a single borrower concentration limit lower than the percentage specified in paragraph
(1)if the Farm Credit Administration determines that such a lower limit is necessary for the safe and sound operation of the Corporation. .
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- 12 USC 2279aa–8
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Sec. 5506
Standards for qualified loans
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